President Donald Trump signed a major Dodd-Frank rollback into law Thursday, hoping to bring regulatory relief to community banks across the U.S. The president explained Dodd-Frank’s costly regulations gave large banks a negative advantage at the cost of small banks throughout the country. Click the headline to read more.

Items Tagged with 'Blend'

ARTICLES

Surprise, surprise, another lender, AFR Wholesale, antes up, selecting Blend as the developer for its new digital loan application platform as momentum for a completely digital mortgage continues to build in the industry.

On Wednesday, during a panel discussion at the Association of Independent Mortgage Experts' Mortgage Expert Workshop in Irvine, Calif., Blend CEO Nima Ghamsari announced the consumer lending technology platform has entered into a partnership with AIME to make the company’s digital mortgage solution available to the mortgage broker community.

Launched in July 2017, Blend Mobile is the first native mobile application that allows LOs to manage their businesses, including borrower requests and applications, anytime and anywhere, bringing borrowers closer to their loan officers.

Lennar, one of the largest homebuilders in the U.S., is now partnering with mortgage technology provider Blend, to power its financing arm. The new system will allow Lennar mortgages to close up to 10 days faster by cutting out unnecessary manual process.

Fannie Mae approved its first end-to-end digital mortgage platform for its Day 1 Certainty on Tuesday. Blend, a Silicon Valley technology company propelling the consumer lending industry into the digital age, announced it became the first end-to-end platform to be approved to provide asset verification reports for Fannie’s Desktop Underwriter.

Crystal Sumner leads the legal team at Blend, a Silicon Valley-based tech company transforming the more than $40 trillion consumer lending industry through partnerships with some of the largest, most complex lending organizations. In her role, Sumner is responsible for leading day-to-day legal affairs for the company, including risk management, commercial contracts, corporate governance and intellectual property, among other areas.

[Commentary] Amid small talk around the exhibit hall and during interviews at the Mortgage Bankers Association’s Annual convention and expo in Denver, I tossed in a side question on a current topic that’s been on my mind, “How are you locking in young professionals and what are you doing to retain them?” Here’s the feedback executives gave.

Blend, a mortgage technology company, announced it integrated with Black Knight’s LoanSphere Empower loan origination system. Through the integration, lenders will be able to use Blend’s digital mortgage platform on the Empower LOS.

Since getting its start back in 2012, mortgage technology provider Blend has been a key player in bringing the mortgage industry into the digital world. And thanks to a recently announced $100 million in funding, the San Francisco-based company has a great runway for even more growth. Here’s what Nima Ghamsari, CEO and founder at Blend, sees ahead for the company.

Blend announced it raised $100 million in Series D funding, marking its second round of funding for the year. And now thanks to its mortgage success, which includes working with Wells Fargo and Movement Mortgage, the company revealed that it doesn’t want to stop at just mortgages. Here's what the CEO says he sees for the road ahead.

This month inHousingWire magazine

He wears t-shirts to his televised interviews; not very CEO. He played sports at a high level, but rarely brings it up and when he does he talks about it as a mere chapter in his life. Honestly, who plays a Super Bowl and doesn’t describe it as the defining moment in their personal journey? Casey Crawford, that’s who. His family is a big part of his life of course, but he talks about his even larger family — his coworkers — in terms that are just as glowing.

Feature

One of the things that has bedeviled mortgage financing post-crisis has been the absence of the private label mortgage backed securities market. During the peak years, private label MBS issuance topped $1 trillion. In 2017, only $70 billion of private label RMBS were issued, although that is a big increase from 2016.

Commentary

Digital technology has disrupted businesses and industries from publishing to public transportation, so can the mortgage industry be far behind? Actually, anyone who’s applied for a mortgage recently will have recognized that things are already changing fast.